Affin Bank gets MoF’s nod to sell AALI and AAGI

Affin Bank HQ

KUALA LUMPUR: Affin Bank Bhd has obtained the approval from the Ministry of Finance (MoF) on May 6 to dispose of 21% of its equity interest in AXA Affin Life Insurance Bhd (AALI) and 2.95% stake in AXA Affin General Insurance Bhd (AAGI) to Generali Asia N.V.

Currently, Affin owns 51.0% in AALI and 49.95% in AAGI.